Scams

IGOFX, the world’s largest MLM Ponzi scheme crashes
Scams

IGOFX, the world’s largest MLM Ponzi scheme crashes

The chicken must have come home to roost for more 400,000 Chinese investors who have lost a fortune to IGOFX, a Forex multilevel Ponzi scheme that has just collapsed. According to Chinese authorities, both Chinese and Malaysian investors must have lost about RMB30 billion, an approximately USD4.4 billion to the […]

Mutual Xchange is 100% usual ponzi scheme
Ponzi Scheme

Mutual Xchange is 100% usual ponzi scheme

Some say it is about win or lose, that has been the story of many who have participated in Ponzi schemes like the newly introduced mutual xchange. According to the proponents of mutual xchange platform calls it a journey to financial freedom. Expectedly there are promises of best practices, good […]

Beware! Internet scammers are haunting bank customers
Scams

Beware! Internet scammers are haunting bank customers

Internet scammers are on the prowl targeting many banks and financial services company’s customers. recent development has shown that fraudsters have developed new tactics to target customers. Some of the scammers cloned the official website of the bank, while some are using phishing tactics to target unsuspecting customers. Perhaps you […]

EFCC raises fraud alert on Canada visa lottery scam
Scams

EFCC raises fraud alert on Canada visa lottery scam

The Economic and financial crimes commission EFCC has declared the ongoing Canada visa lottery scheme as scam. Only the United states of America is known to have a lottery program in place. The commission specifically mentioned in a tweet via its official Twitter account that the Canadian has no business […]